Bitcoin tests $85,000 as Wall Street braces for conflicting inflation data
- —BTC's Sept. 28 intraday low was $82,563, below the $84,000–$85,000 holder-cost zone
- —Glassnode's lower True Market Mean sits near $77,000, with an MVRV reference near $96,700
- —August PCE lands Sept. 30, ISM Oct. 1 and September payrolls Oct. 2
- —The Fed raised its target range to 3.75%–4% on Sept. 16, citing elevated inflation
Why it matters: Reclaiming $84,000–$85,000 with spot demand would validate a rebound; a failure brings the $77,000 reference into view.
Source: CryptoSlate